For Sale Multi-Family MLS# 6997176

1021 E FAIRMOUNT Avenue

Phoenix, AZ 85014

$1,895,000

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Listing Office

Officearizona-regional-mls-rsd logoMatthews Real Estate Investment Services
AgentBradley Skenderian
Phone310-388-0788

About 1021 E FAIRMOUNT Avenue

1017 -1031 E Fairmount is an 8-unit apartment community located in the highly desirable Midtown Phoenix submarket. Built in 1966, The unit mix consists of (3) 1x1 units, (3) 2x1 units, and (2) 2x1.5 units, with an average rent of $1,528. 6 of the 8 units have been fully renovated with thoughtful, durable improvements including luxury vinyl plank flooring, quartz countertops, workstation-style extra-wide sinks, mini range hoods, updated light fixtures, and refreshed bathrooms featuring new tubs, tile backsplash, and modern vanities. All units offering in-suite washer/dryer or dedicated W/D access. The property also features large private front and backyards, 3 private garages, 2 covered carport spaces, and lush landscaping. 6.03% cap rate on current financials.

Property details

Property

Type
multi
MLS type
Multi Family Home
Status
Active
Year built
1964
Original price
$2,100,000
MLS #
6997176

Interior

Features
true, Electric, true, Natural Gas, Vinyl
Flooring
Vinyl
Heating
true, Natural Gas
Cooling
true, Electric

Exterior & lot

Features
Sidewalk(s), On Street, Carport, Parking spaces: 5
Construction
Wood Frame, Painted, Block, Composition
Roof
Composition
Lot
R-3, WEST IDLEWILDE MCR 20-25 LOTS 1 3 & 5 BLK 2 & S 20F FAIRMOUNT AVE, 11806017B
Parking
On Street, Carport

Schools

District
Osborn Elementary District
Elementary
Longview Elementary School
Middle
Longview Elementary School
High
North High School

Utilities

Utilities
Public Sewer, Sewer-In & Connected, City Franchise, APS, Individual Meter, Electricity on Property
Water
City Franchise
Sewer
Public Sewer, Sewer-In & Connected

Financial

Financial
Arizona Regional Multiple Listing Service 2
Annual tax
$4,003
Tax year
2025
Parcel
11806017B
Legal
WEST IDLEWILDE MCR 20-25 LOTS 1 3 & 5 BLK 2 & S 20F FAIRMOUNT AVE

Location

Subdivision
WEST IDLEWILDE
County
Maricopa
Neighborhood
Whitton District
Community
Maricopa, Asphalt, Arizona Regional Multiple Listing Service 2, Osborn Elementary District

Location

Neighborhood
Whitton District
Subdivision
WEST IDLEWILDE
School district
Osborn Elementary District

Interested in this home?

Questions on 1021 E FAIRMOUNT Avenue, Phoenix, AZ 85014, or want to see it in person?

The Anderson Team · (480) 900-9140

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